IOTA IOT/USD completes the trading week near the area of 2.46. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in IOTA. In the current trading week, the Ichimoku Kinko Hyo signal line area is expected to test near 2.50, from which it is expected to attempt a rebound and continue the development of the bearish trend with a target below 1.50.
IOTA (IOT/USD) forecast January 29 — February 2, 2018
Earlier, a medium strength signal was received for sell of IOTA cryptocurrency, due to the crossing of signal lines at 3.00 level. The cancellation of the IOT/USD quotation decline will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 3.52, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 2.10.
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